AMAZON TO ANNOUNCE NEW HEADQUARTERS IN NEW YORK CITY, VIRGINIA

Amazon is expected to announce later today where its new headquarters will be built, sources close to the matter disclosed.

The Long Island City neighbourhood of Queens, just across the East River from Manhattan, and Crystal City, Virginia, about a mile from the Pentagon, were selected by the retail giant, people familiar with the matter told the Wall Street Journal.

The Journal confirmed the locations, about which media outlets have been speculating since at least September 2017. The New York Times, citing people familiar, also reported Amazon was expected to choose sites in New York and Virginia.

Seattle-based Amazon declined to comment to the Journal.

CEO Jeff Bezos said last year he was seeking a metropolitan location with at least 1 million residents for the so-called HQ2, which sparked fierce competition among potential suitors. Amazon said it had narrowed its list of potential locations to 20 in January.

“We expect to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs — it will be a full equal to our current campus in Seattle,” Amazon said in a press release announcing the project. “In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.”

A source close to the negotiations said last week that when Amazon executives visited New York, “Long Island City made a real impression. It’s an actual neighbourhood. It looks a little like Seattle, with bars and restaurants. It’s clear what the company is looking for.”

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: